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MSE News: Got mortgage problems? Get help early, Ombudsman says
"Record numbers of people are complaining to the Financial Ombudsman Service about mortgages – but it says people in trouble need to see help earlier if they get into money troubles...." Read the full story: Got mortgage problems? Get help early, Ombudsman says Click reply below to discuss. If you haven’t already, join the…
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Default Recovery
Hi the last of my defaults is due to become statue barred next month, after that is removed how long does a credit report take to recover from the previous default? is it immediate once its removed?
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Wednesday 14th May - what small DFW things will you do today?
When we start out on the Debt-Free Wannabe trail we do loads of big "stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the Gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of…
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Can someone please help?
Hi, A few years ago I ran into some debt and as I was young(er) and stupid, I have sort of buried my head into the sand for a while. I then tried to put it right and while going through financial problems I have managed to get into some sort of agreement with the lenders where I pay £10 a month. The debt is as follows: -…
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Should I wait the 6 years ?
Hi all I have around 12k of debts including bank loans, overdrafts, tuition fees, phone contracts etc. All which have now been passed on to debt collection agencies. Some of these debts are a couple of years old now and I still receive the empty threat type letters from these agencies. I have decided to get my finances…
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Daughter having to pay someone else's debt -help
My daughter and a friend (at the time) began to rent a flat in joint names. However, after 6 months when their contract had ended, my daughter decided to move back home for a while. The main reason for this was that her friend was defaulting on payments and my daughter did not want to have to pay out her share too. 4…
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I need help. 'Final Notice'.
Hi guys. Sorry to make my first post me begging for some help, but I really need to sort my financial life and it needs to start here. I'm going to be blunt. I owe two separate fines, both went through the courts. One was around £900 and the other at the time was around £600. I've had bailiffs/debt collectors (I'm unsure…
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speeding court summons
hi all i have also posted this on the motoring thread, but am getting some negative response. I am also struggling with debt, so thought i would post here to see if anyone has personal experiences or advice. I recently got pulled over for doing 101mph on the M74 in Lanark. I have received a court summons and am looking for…
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Noticing a little sliding happening lately, going to nip that right in the bud
I've been noticing lately that while my debts are getting paid, I've been spending a bit on useless things. Just a bit here and a bit there so before this reaches crisis point, or creates another problem, I am going to take it back to the basics: 1. Come here daily to keep my motivation strong and my mind on my money. 2.…
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Reality Check for friend in debt
My pal is fantasising about skipping overseas to Spain to escape their extensive debts. Not sure of the sum but it's northwards of 15k I think across overdraft, unsecured loan and maxed out cards from when he became redundant for a period then got a much lower paid job. He is not a homeowner and doesn't have a car. I am…
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Chargebacks on debit cards?
Hi I bought something on a maestro card through paypal and when it did not arrive I opened a case which was then closed as seller put a tracking number that showed "delivered" and even though the tracking number showed wrong address and name I never got it. Reading online I can chargeback just wondered what rights I have…
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Tuesday 13th May - What small DFW things will you do today?
When we start out on the Debt-Free Wannabe trail we do loads of big "stuff" that makes quite a difference to our situation. These include having our lightbulb moment, cutting up the credit cards and cancelling Sky and the Gym. But once we have done the bigger stuff, we often feel that we are not making the same amount of…
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Old debt nightmare
Desperately in need of help!! I took out a hire purchase agreement for a vehicle in 2007, amount of credit £5725. With interest added over 60 months the total was £14144. (Interest £4296.20) In 2009 I was in dire straights and decided to surrender the vehicle back to the finance company.(after 2 blokes turned up at the…
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proposal looming...but first.
Hi again. Me and my partner have been together a few years and I am seriously considering proposing to her. Things have never felt so good. My issue is a debt from my ex, who left us both 30k in the red from a previous mortgage. Though the mortgage and the resulting shortfall debt isn't in my partners name (only me and the…
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Dealing with reality
Hi, I posted back in December about getting to grips with our debt. Received some brilliant advice, which helped a lot. The more I looked into our situation, the worse it got until, Im ashamed to say, I buried it away and ignored it. I did request a form for a debt management plan, however have not filled it yet. The debts…
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Finding out credit history without alerting creditors
Can anyone advise how you can find out if you have ccj's and how much bad credit history you have without alerting debt collectors where you are etc. This relates to my partner and I know for a fact that any debt he had in the past is now over 6 years old. He has been living with me for quite a few years but he is not on…
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Want to share
That I made two overpayments in the last two days £1,000 off the car loan and £103 off the mortgage. I know it isn't much, but my plans all involve money not being committed every month so I have it available - and as the husband has no interest in money really (apart from 'have we got any?') no one is cheering me on. It's…
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Debt Management or go it alone??
Hi Guys I've recently been weighing up my options to become debt free, I have had an ongoing account with a dmp company for the last 3-4 years, unsure to exact length of time. Anyway. The dmp company have just informed me of a fee increase to £34 a month,this is £34 that could be put towards paying my debt off sooner, now…
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Need help and advice - SOA attached
I have attached a SOA for advice. I think I have got everything on there but not really sure. I can not work due to ill health and income has changed after last months dreadful loss. Statement of Affairs and Personal Balance Sheet Household Information Number of adults in household........... 1 Number of children in…
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How should I fund this repair?
A small dilemma....., I have a £1000 Emergency Fund. I only have £50 left in my Household repairs fund due to just decorating my kids' room. They are 5 and 11 and keep wandering into next door. My fence panels have been down for months and I can't stand to look at my neighbours unkept garden more. I usually have about £150…